Laxmi Bank 30% Right Share issue from today, LTP stood Rs 408 per unit
Sun, Jun 21, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, June 21:
Laxmi Bank Limited (LBL) is issuing 10:3 ratio right shares to its shareholders from today (Ashad 6, 2072). The rights issue will remain open for 35 days before closing on Shrawan 10, 2072.
The 14th AGM of Laxmi Bank Limited had approved the BoD’s decision to issue 10:3 right shares.
The bank has set Jestha 20 as the book closure date for the rights issue. Only those shareholders who own the shares of the bank by Jestha 19 will be entitled to claim the Right Shares offered by the bank.
The bank is floating a total of 70, 13,606 unit of right shares of face value of Rs 100.
After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 3 arba 3 crore 92 lakhs 29 thousand 200 from the existing Rs 2 arba, 33 crore 78 lakhs 68 thousand 600. The bank has an authorized capital of Rs 5 arba.
Interested shareholders can collect the application forms from the any branch of Laxmi Bank as well as from the NMB Capital Limited, Babarmahal, Kathmandu.
NMB Capital Ltd is the issue manager of the right issue of Laxmi Bank.
The rights share has received ‘[ICRANP] IPO Grade3+ from the credit rating agency ICRA Nepal.
The last traded price of Laxmi Bank in NEPSE stood Rs 408 per unit.
